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masha68 [24]
2 years ago
11

Liam wants to save $6,265 to purchase a car. if $4,000 is deposited into an account at 7.5% interest, compounded monthly, how ma

ny years will liam have to save until he has enough to purchase the car?
Mathematics
1 answer:
timurjin [86]2 years ago
5 0
To solve for time taken we use the compound formula:
A=P(1+r/100*n)^(n*t)
where:
A=future value
P=principle
r=rate
t=time
n=number of terms

6265=4000(1+7.5/(12*100))^(12t)
solving for t we get
1.56625=1.00625^12t
12t=72.0136
t=6.00 years
Answer: 6 years
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3 years ago
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Irina18 [472]
<h3>Answer:</h3>

B. { (3, –2), (3, –4), (4, –1), (4, –3) }

<h3>Step-by-step explanation:</h3>

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Defining a Function

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2 years ago
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nikitadnepr [17]

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